Interim Report (unaudited)
Q3 and Q1-Q3 2025

Protector Forsikring ASA recorded a profit of NOK 459 m (581 ) for the quarter, driven by a strong insurance service result and a good return on fixed income investments. Gross written premiums amounted to NOK 1,676 m, up 1% (3% in local currencies). Denmark and France contribute to the growth, while there has been a small decline in UK, Sweden and Norway. The insurance service result was NOK 598 m (504 ), corresponding to a combined ratio of 83.1 % (83.2 %). Net income from assets under management was NOK 117 m (534 ), or 0.4 % (2.3 %). Total investment return, including insurance finance expenses, was NOK 105 m (299 ).

In Q1-Q3 2025, the company recorded a profit of NOK 1,916 m (1,291 ). Gross written premium was NOK 11,165 m up 16% (14% in local currencies). All segments contribute positively to the growth. The insurance service result was NOK 1,571 m (902 ), corresponding to a combined ratio of 84.6 % (89.5 %). Total investment return, including insurance finance expenses, amounted to NOK 1,108 m (913 ), and net income from assets under management was NOK 1,336 m (1,155 ), or 5.2 % (5.4 %).

At the end of Q3 the SCR-ratio was 229% (194%), post dividends.

The Board has utilized its authorisation granted by the Annual General Meeting 10 April 2025 and has decided to distribute a dividend of NOK 247m, corresponding to NOK 3.00 per share.

^{Amounts in NOKm, except earnings per share which is in NOK. Comparable figures from corresponding period last year in parentheses.}